Identity theft and financial impact to home buyers and sellers often comes from criminals stealing personally identifiable information (or “ PII”) that was inadvertently left lying around in hard copy form. If they have trouble answering or they can’t answer, beware. To make buying and selling a home safer, follow these few simple, practical steps to make your transaction safer.Īsk your real estate agent what safeguards they use to protect your personal data In reality, if most people knew exactly how much invisible risk and ever-present vulnerability they could be subjecting themselves to when buying and selling real estate, they might just decided to stay put.īut cybercrime and cyber insecurity is everywhere and we can’t allow it to prevent us from living our lives. And it doesn’t just affect the brokerage and agents, but their clients too. I built the first part of my career around cybersecurity and, in the last year alone, I’ve been asked to consult on more than one situation where real estate brokerages have been the victim of long-term data and financial theft. What can happen in real estate, you may ask?Īnd these are but a few of the risks to all parties involved. And the target is getting bigger very quickly. Real estate buyers, sellers and and the professionals working in the business, agents included, are currently a favorite target for cybercriminals.
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